Everything was original and needed updating to make it appealing to current buyers.

Here is text taken from the HOUSABLE website for Oakland:Utility ConnectionsCategory One: No new or separate utility connection shall be required.Category Two: A new or separate utility connection may be required, but the connection fee or capacity charge shall be proportionate to the burden of ADU on the water or sewer system.Here are definitions of the ADU categories from the City of Oakland website:CATEGORY ONE ADU: Involves either conversion of space within an existing Single-Family Dwelling, or conversion or rebuild of an existing accessory structure; includes no expansion of the existing building envelope other than up to 150 sq. ft. for purposes of accommodating ADU access and egress only.CATEGORY TWO ADU: Involves construction of a new detached or attached structure, including an exterior addition to an existing structure to accommodate the ADU, in conjunction with a proposed or existing Single-Family dwelling.It seems that Oakland is making things confusing with the language they are using, but I still believe that my original interpretation is correct based on the State Assembly Bill. 

I don't know who said it originally, but credit to them (Hormozi maybe?)

If the original lease is:1) Still accurate on all other issues2) Up-to date - there have been no statute changesThen you can just execute an extension agreement.

Originally posted by @Steve Hall:@Grant RothenburgerWhy would you risk your own reputation by claiming that Scott is "responsive and nice" when:You've never even spoken to Scott Smith!

I am referencing this post originally (https://www.biggerpockets.com/forums/311/topics/260825-inves...), but it is from 8 years ago.

HI David, fellow Canadian originally from Oakville here...my mortgage team specializes in foreign national or international buyer mortgages with no US credit.

Originally posted by @Robert Carmody:Like many markets throughout the United States, both Albuquerque and Santa Fe have experienced a noticeable jump in real estate prices during the last couple of years, more than normal.

I originally posted this a year ago and I am happy to share the results in a comment on this post, but before I sway anyone's opinion I would love to hear your thoughts...So with that said, historically the industry accepted standard for underwriting a projected exit cap rate is the market stabilized cap rate plus a 10 bps for every year held.

Originally posted by @David Hoke:I have been researching residential assisted living homes.